Vanguard Discloses 10.9% Stake in D.R. Horton as of Dec 29, 2023

TL;DR

**Vanguard still owns 10.9% of D.R. Horton, a big passive stake.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in D.R. Horton Inc. As of December 29, 2023, Vanguard beneficially owned 37,135,700 shares of D.R. Horton's Common Stock, representing 10.9% of the company. This filing indicates Vanguard's continued significant passive stake in the homebuilder, which is important for investors as large institutional holdings can signal confidence and provide stability, but also means a substantial portion of the stock is held by a single entity.

Why It Matters

This filing confirms Vanguard's substantial, passive ownership in D.R. Horton, indicating a major institutional investor's continued confidence in the homebuilder. For investors, this means a significant portion of the company's stock is held by a large, stable entity, which can influence trading liquidity and investor sentiment.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.

Analyst Insight

An investor should note Vanguard's continued large, passive stake in D.R. Horton, which suggests long-term institutional confidence. This information can be used as a data point when evaluating the stability and institutional backing of the stock, but it doesn't signal an immediate buy or sell action.

Key Numbers

• 37,135,700 — Shares Beneficially Owned (Represents the total number of D.R. Horton Common Stock shares Vanguard holds, indicating their significant investment.)
• 10.9% — Percentage of Class (Shows Vanguard's substantial ownership stake in D.R. Horton, making them a major institutional shareholder.)
• December 29, 2023 — Event Date (This is the snapshot date for the ownership data, providing a clear reference point for the disclosed holdings.)

Key Players & Entities

• The Vanguard Group (company) — reporting person, institutional investor
• HORTON D R INC /DE/ (company) — subject company, homebuilder
• 37,135,700 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 10.9% (dollar_amount) — percentage of D.R. Horton's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive ownership stake in D.R. Horton. (The Vanguard Group) — high confidence, target: Next 12-24 months
• D.R. Horton's stock price will likely experience continued stability due to large institutional holdings. (D.R. Horton Inc.) — medium confidence, target: Next 6-12 months

FAQ

Filing Documents

• tv0787-drhortoninc.htm (SC 13G/A) — 11KB
• 0001104659-24-020787.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: DR Horton Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1341 Horton Circle Arlington, TX 76011

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 23331A109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration